Deceuninck Plastics Industries NV has doubled its market share in England by purchasing fellow replacement window and door profile extruder Status Systems PVC Ltd. of Oldham, England, from Phildrew Ventures.
Hooglede-Gits, Belgium-based Deceuninck claimed 3-4 percent of England's replacement window and door market before the deal was sealed in mid-February. The acquisition gives the firm another 3 percent share, estimates Ian Lindsay, finance director for Status Systems.
Terms of the deal were not disclosed.
Deceuninck will gain 16 extruders from Status Systems, as well as 200 customers, boosting its sales by about $29 million, Lindsay said in a March 11 telephone interview. The company already operates 20 extrusion lines at its facility just outside London, he said.
During the past few years, Deceuninck has increased its market share in various countries, including the United States. It secured a large part of the American remodeling industry in 1995 by acquiring 75 percent of Acro Extrusion Corp. and Slocomb Industries Inc., both of Wilmington, Del.
In 1997, Deceuninck again invaded North American territory when it bought Dayton Technologies of Monroe, Ohio, boosting its sales by $50 million.
Experiencing a downturn in the German remodeling industry, Deceuninck sold its plant in Germany several years ago — a move that strengthened its construction products business, said Philippe Vercheure, an analyst with KBS Securities in Brussels, Belgium.
Vercheure believes Deceuninck's latest venture shows promise because it secures the company's No. 2 spot among Europe's top window and door profile extruders.
``They're careful about what they do,'' he said. ``They don't go into any wild acquisitions.''
While Deceuninck in 1997 announced its next targets for expansion might include the U.S. West Coast and Central and South America, Vercheure said he has heard the company is considering Asia as well.
With plants in Belgium, England, Poland and the United States, Deceuninck reported 1997 sales of $224.6 million.
Deceuninck officials could not be reached for comment.
Plastics News staff reporter Shannon Ledson contributed to this story.